Statement of Cash Hows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2077, is as follows: Dec. 31. 2018 Dec. 31. 2017 Assets Cash $66,900 Accounts receivable (net) Inventories 90.190 111.780 $54,750 84,150 120.220 4,900 244,880 (63,670) $445,240 3,390 Prepaid expenses Equipment Accumulated depreciation equipment Total assets 200.280 (49,120) $423,420 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $93,500 $88,490 Mortgage note payable 0 127.030 Common stock. $1 par 14,000 9,000 Paid-in capital: Excess of issue price over par common stock 214,000 119,000 Retained earings 123,740 79.900 Total liabilities and stockholders' equity $445,240 $423,20 Additional data obtained from the income statement and from an examination of the accounts in the lodger for 2018 are as follows: a. Net income, $112,230. b. Depreciation reported on the income statement, $31.170. Equipment was purchased at a cost of $1,220, and fully depreciated equipment costing 516,620 was discarded, with no salvage realized d. The mortgage note payable was not doe for six years, but the terms permitted earlier payment without penalty e. 5,000 shares of common stock were issued at $20 for cash 1. Cash dividends dedared and paid $68,390. Required: Previous Next > Time Remaining: 1:27:19 All work saved Email Submes for Grading 208 AM 7/1/2020 Lash divens ac and paid, Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments, Yellow Dog Enterprises Inc Statement of Cash Flows For the Year Ended December 31, 2048 Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from investing activities Net cash flow used for investing activities Cash flows from financing activities: Net cash flow used for financing activities Cash at the beginning of the year Cash at the end of the Year Previous Next Time Remaining: 1:26:59 All work saved. Email Instructor Submit Test for Grading 7:08 AM 7/1/2020